Wanli Group acquires majority stake in Green Burn Holdings Limited
Wanli Group Acquires Majority Stake in Green Fuel Holdings Limited
- Expanding Sustainable Fuel Feedstock Trading Business in Malaysia to Support SAF and Biofuels Industry Development
Wanli Group ("Wanli" or the "Group"), a well-known fuel supply service provider in the Asia-Pacific region, through its listed entity CBL International Limited ("the Company" or "CBL") (Nasdaq: BANL), today announced the acquisition of a 50.5% majority stake in British Virgin Islands-registered company Green Fuel Holdings Limited ("Green Fuel"). CBL's wholly-owned subsidiary is the direct signatory to the Share Sale and Purchase Agreement ("SPA"), while CBL is not a party to the agreement. Therefore, CBL has provided a corporate guarantee to the seller to ensure its subsidiary fulfills the payment obligations under the SPA.
Green Fuel operates two complementary businesses in Malaysia: feedstock trading for Sustainable Aviation Fuel (SAF) and biofuels, as well as ship biofuel supply and traditional bunkering services. Its feedstock trading division holds the necessary international certifications to procure and trade raw materials required for SAF and biofuel production and has an established network of suppliers and customers. The bunkering business holds a license issued by the local government to supply traditional marine fuel and biofuels in Malaysian waters.
This strategic investment aligns with the global trend of increasing emphasis on Environmental, Social, and Governance (ESG) factors and the evolving regulatory requirements in the maritime and aviation sectors. CBL's financial resources and expertise in marine fuel logistics operations are expected to support Green Fuel's business expansion, enabling it to scale up its feedstock trading and explore supplying raw materials to SAF-related production facilities in Malaysia.
Infrastructure investment in sustainable fuels in Malaysia is increasing, with new commercial-scale SAF production facilities already operational in the country and more projects in the pipeline. These developments further highlight the region's potential demand for feedstocks.
Regarding the bunkering business, Green Fuel's supply qualifications enable the Group to develop supply capabilities for traditional fuels and biofuels in major Malaysian ports, including Port Klang. Port Klang is one of the world's top ten ports by throughput. This will leverage CBL's existing bunkering services to support the industry's transition towards low-carbon marine fuels.
Dr. William Tse, Chairman and CEO of CBL Group, commented: "This acquisition is a step in prudently expanding our presence in the sustainable energy supply chain, fully leveraging our core strengths in marine fuel services. We look forward to collaborating with the Green Fuel team to support the responsible growth of these businesses in line with market developments."
The transaction is expected to strengthen CBL's long-term positioning in the evolving marine and energy sectors, without altering the Company's core focus on its existing refueling service business.
About Wanli Group
Wanli Group was founded in 2015 and is listed on the Nasdaq Stock Market as CBL International Limited (Nasdaq: BANL). We are committed to providing customers with one-stop fuel supply services and are known in the industry as a fuel supply service provider. As of April 17, 2026, we primarily provide ship bunkering services through local entity suppliers across Australia, Belgium, China, Hong Kong, India, Japan, South Korea, Malaysia, Mauritius, Netherlands, Panama, Philippines, Singapore, Taiwan, Thailand, Turkey, and Vietnam, covering over 70 ports. The Group actively promotes the use of sustainable fuels and has obtained ISCC EU and ISCC Plus certifications, as well as an EcoVadis Silver medal.
Forward-Looking Statements
Certain statements in this announcement are not historical facts but forward-looking statements. Forward-looking statements generally use words such as "believe," "may," "can," "will," "estimate," "continue," "anticipate," "intend," "expect," "plan," "should," "would," "future," "outlook," "potential," "project," and similar expressions to predict or express future events or trends or statements that are not historical matters. However, the absence of these words does not mean the statements are not forward-looking. These forward-looking statements include, but are not limited to, estimates and forecasts of other performance indicators and predictions of market opportunities. This information involves known and unknown risks and uncertainties and is based on various assumptions (whether or not stated in this press release) and the current expectations of BANL's management, not predictions of actual performance. These forward-looking statements are for illustrative purposes only and should not be taken by any investor as, nor relied upon as, a guarantee, assurance, prediction, or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond BANL's control. Important factors could cause actual results to differ materially from any forward-looking statements, including changes in domestic and international business, fuel prices and tariffs, market, financial, political, and legal environments. The Company has no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances or changes in expectations, except as required by law. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, it cannot assure you that such expectations will ultimately prove correct. The Company cautions investors that actual results may differ materially from expected results and encourages investors to review other factors contained in the Company's registration statement and other filings with the SEC that may affect its future performance.
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